Corporate Governance

Board of Directors

Executive Directors

Each of the current executive directors of the Company ("Executive Directors") named below (except Madam U Po Chu and Mr. Lam Kin Hong, Matthew) holds directorships in a number or certain of the subsidiaries of the Company and all of them hold directorships in all or certain of the Company’s listed affiliates, namely Lai Sun Development Company Limited ("LSD"), eSun Holdings Limited ("eSun"), Lai Fung Holdings Limited ("Lai Fung") and Media Asia Group Holdings Limited ("MAGH"). The issued shares of LSD, eSun and Lai Fung are listed and traded on the Main Board of The Stock Exchange of Hong Kong Limited ("Stock Exchange") and MAGH’s issued shares are listed and traded on the Growth Enterprise Market of the Stock Exchange. While Wisdoman Limited is the controlling shareholder of the Company, the Company is the ultimate controlling shareholder of LSD which is the controlling shareholder of eSun. Further, eSun is the ultimate holding company of Lai Fung and MAGH.

Dr. Lam Kin Ming, aged 81, is the Chairman of the Company and a member of the Executive Committee of the Company. He has been an Executive Director since October 1987 and has extensive experience in property development and investment and has been involved in the management of garment business since 1958. He is also the deputy chairman and an executive director of Lai Fung, a non-executive director of LSD and the chairman, the chief executive officer and an executive director of Crocodile Garments Limited (“CGL”). The issued shares of CGL are listed and traded on the Main Board of the Stock Exchange. He received an honorary doctoral degree from the International American University in the United States of America in 2009 and was admitted as Honorary Doctorate of Management of the Lincoln University in the United States of America in February 2014.

Dr. Lam is the elder brother of Dr. Lam Kin Ngok, Peter (the Deputy Chairman, an Executive Director and the controlling shareholder of the Company), and Mr. Lam Kin Hong, Matthew (an Executive Director of the Company), and an uncle of Mr. Lam Hau Yin, Lester (an Executive Director of the Company).

Dr. Lam Kin Ngok, Peter, aged 61, is the Deputy Chairman of the Company and a member of the Executive Committee of the Company. He has been an Executive Director since October 1987 and is a director of Wisdoman Limited (a controlling shareholder of the Company). Dr. Lam is also the chairman and an executive director of LSD and MAGH as well as an executive director of CGL, a company listed on the Main Board of the Stock Exchange. Dr. Lam was an executive director of eSun from 15 October 1996 to 13 February 2014. Dr. Lam was the chairman and an executive director of Lai Fung from 25 November 1993 to 31 October 2012. Dr. Lam has extensive experience in the property development and investment business, hospitality as well as media and entertainment business. Dr. Lam was conferred an Honorary Doctorate from the Hong Kong Academy for Performing Arts in June 2011. Dr. Lam received the Gold Bauhinia Star awarded from the Government of the HKSAR on 1 July 2015.

Currently, Dr. Lam is the chairman of the Hong Kong Tourism Board and an ex officio member of the Hong Kong Trade Development Council. He was appointed the chairman of The Hong Kong Trade Development Council Entertainment Industry Advisory Committee for a term of two years from 1 April 2018 to 31 March 2020. He is also a Standing Committee member of the 13th National Committee of the Chinese People’s Political Consultative Conference (“CPPCC”). In addition, Dr. Lam is the chairman of Hong Kong Chamber of Films Limited, honorary chairman of Hong Kong Motion Picture Industry Association Limited, a director of The Real Estate Developers Association of Hong Kong, a trustee of The Better Hong Kong Foundation, a member of Friends of Hong Kong Association Limited, a director of Hong Kong-Vietnam Chamber of Commerce Limited. On 26 July 2017, Dr. Lam was re-appointed a member of Aviation Development and Three-runway System Advisory Committee for a term of two years from 1 August 2017 to 31 July 2019. Dr. Lam was appointed an honorary chairman of Federation of HK Jiangsu Community Organisations on 20 May 2015, the chairman of Hong Kong Cultural Development Research Institute Limited in May 2015 and president of Hong Kong Association of Cultural Industries Limited in 2015. Dr. Lam was appointed as a non-official member of the Trade and Industry Advisory Board from 1 September 2017 to 31 December 2019. He was re-appointed a non-official member of the Lantau Development Advisory Committee for a term of two years with effect from 1 February 2018.

Dr. Lam is the son of Madam U Po Chu (an Executive Director of the Company), the younger brother of Dr. Lam Kin Ming (the Chairman and an Executive Director of the Company), the elder brother of Mr. Lam Kin Hong, Matthew (an Executive Director of the Company) and the father of Mr. Lam Hau Yin, Lester (an Executive Director of the Company).

Mr. Chew Fook Aun, aged 56, was appointed a Deputy Chairman and an Executive Director of the Company on 5 June 2012 and is presently a member of the Executive Committee and Remuneration Committee of the Company. He is also the deputy chairman and an executive director of LSD, an executive director of eSun and the chairman and an executive director of Lai Fung.

Mr. Chew has over 30 years of experience in accounting, auditing and finance in the United Kingdom (“UK”) and Hong Kong. He graduated from the London School of Economics and Political Science of the University of London in the UK with a Bachelor of Science (Economics) Degree. Mr. Chew is a fellow member of both the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and The Institute of Chartered Accountants in England and Wales. He was also a council member of the HKICPA and its vice president in 2010. Mr. Chew is currently a member of the Operations Review Committee of the Independent Commission Against Corruption (“ICAC”) and is appointed a member of the Barristers Disciplinary Tribunal Panel for a five-year term with effect from 1 September 2015. In addition, he was appointed as a member of the Board of Directors to the Hong Kong Sports Institute Limited for a term of two years with effect from 1 April 2017. All are organisations established in Hong Kong. Mr. Chew was a member of the Corruption Prevention Advisory Committee of the ICAC from January 2009 to December 2014, a member of the Standing Committee on Company Law Reform of the Companies Registry from February 2011 to January 2015 and a member of the Financial Reporting Council from December 2009 to November 2015. He also served as a member of the Advisory Committee of the Securities and Futures Commission from June 2007 to May 2013.

Prior to joining the Lai Sun Group, Mr. Chew was an executive director and the group chief financial officer of Esprit Holdings Limited (“Esprit”) from 1 February 2009 to 1 May 2012, an executive director and the chief financial officer of The Link Management Limited (currently known as Link Asset Management Limited), acting as manager of The Link Real Estate Investment Trust (currently known as Link Real Estate Investment Trust) (“Link REIT”), from February 2007 to January 2009. He was also the chief financial officer of Kerry Properties Limited (“Kerry Properties”) from 1996 to 2004, a director of corporate finance for Kerry Holdings Limited from 1998 to 2004 and an executive director of Kyard Limited in charge of the property portfolio of a private family office from 2004 to 2007. The issued shares of Esprit and Kerry Properties and the issued units of Link REIT are listed and traded on the Stock Exchange.

Mr. Lam Hau Yin, Lester, aged 37, was appointed an Executive Director in May 2006 and is a member of the Executive Committee of the Company. He is also the alternate director to Madam U Po Chu in her capacity as an Executive Director of the Company. Mr. Lam is an executive director of LSD and eSun as well as an executive director and the chief executive officer of Lai Fung. He is also a director of Wisdoman Limited (a controlling shareholder of the Company).

Mr. Lam holds a Bachelor of Science in Business Administration degree from Northeastern University, Boston, the United States of America. He completed the Kellogg-HKUST Executive MBA program in July 2016. He has acquired working experience since 1999 in various companies engaged in securities investment, hotel operations, environmental products, entertainment and property development and investment.

Mr. Lam is a son of Dr. Lam Kin Ngok, Peter (the Deputy Chairman, an Executive Director and the controlling shareholder of the Company), a grandson of Madam U Po Chu (an Executive Director of the Company) and a nephew of both Dr. Lam Kin Ming (the Chairman and an Executive Director of the Company) and Mr. Lam Kin Hong, Matthew (an Executive Director of the Company).

Mr. Lam Kin Hong, Matthew, aged 50, was appointed an Executive Director in March 2001 and is a member of the Executive Committee and a legal adviser of the Company. He is also an executive deputy chairman and an executive director of Lai Fung and an executive director of CGL (a company listed on the Main Board of the Stock Exchange).

Mr. Lam graduated from the University College London in the United Kingdom with a Bachelor of Science Degree and underwent training as a lawyer with an international law firm, Reed Smith Richards Butler. Mr. Lam is the Co-founding partner and Managing Partner of a Hong Kong law firm, Nixon Peabody CWL and he is a member of The Law Society of Hong Kong and The Law Society of England and Wales.

Mr. Lam has considerable experience in property development and corporate finance in Hong Kong and the Mainland China. He is the vice president cum chairman of the Hong Kong Real Property Federation Cum Yangtze River Delta Region and he is a standing committee member of the CPPCC in Shanghai.

Mr. Lam also serves as an Honorary Consul of the Republic of Estonia in Hong Kong, a council member of the Association of Honorary Consul in Hong Kong and Macau SAR, a board member of the Employees Compensation Assistance Fund Board, a member of the Advisory Committee on Admission of Quality Migrants and Professionals, a member of the Central Advisory Committee and the Chairman of the Publicity Committee of the Senior Police Call, a member of the Fight Crime Committee and the observer of the Independent Police Complaints Council. Mr. Lam also serves as an Honorary Judge of Racing at the Hong Kong Jockey Club and he is also a council member of the Better Hong Kong Foundation.

Mr. Lam is the younger brother of Dr. Lam Kin Ming (the Chairman and an Executive Director of the Company) and Dr. Lam Kin Ngok, Peter (the Deputy Chairman, an Executive Director and the controlling shareholder of the Company) and an uncle of Mr. Lam Hau Yin, Lester (an Executive Director of the Company).

Madam U Po Chu, aged 93, has been a Director since December 1990 and was a Non-executive Director until re-designated as an Executive Director of the Company with effect from 27 November 2012. She is also a non-executive director of LSD and eSun, as well as an executive director of Lai Fung. She is also a director of Wisdoman Limited (a controlling shareholder of the Company).

Madam U has over 55 years’ experience in the garment manufacturing business and had been involved in the printing business in the mid-1960’s. She started to expand the business to fabric bleaching and dyeing in the early 1970’s and became involved in property development and investment in the late 1980’s.

Madam U is the mother of Dr. Lam Kin Ngok, Peter (the Deputy Chairman, an Executive Director and the controlling shareholder of the Company) and the grandmother of Mr. Lam Hau Yin, Lester (an Executive Director of the Company).

Updated: 25/10/2018

Independent Non-executive Directors

Mr. Chow Bing Chiu, aged 67, was appointed an Independent Non-executive Director in September 2004 and is a member of both the Audit Committee and the Remuneration Committee of the Company. Mr. Chow is also an independent non-executive director of CGL. The issued shares of CGL are listed and traded on the Main Board of the Stock Exchange.

Mr. Chow obtained his Bachelor of Law degree in 1980 and qualified as a solicitor in Hong Kong in 1983. He is the senior partner of B.C. Chow & Co., Solicitors, in Hong Kong and a China-appointed Attesting Officer.

Mr. Lam Bing Kwan, aged 69, was appointed an Independent Non-executive Director in February 2011 and is the chairman of the Remuneration Committee and a member of the Audit Committee of the Company. Mr. Lam is also an independent non-executive director of LSD and Lai Fung and a non-executive director of Sino-i Technology Limited and Nan Hai Corporation Limited. He retired as an independent non-executive director of eForce Holdings Limited on 4 June 2018. The issued shares of all the aforesaid companies are listed and traded on the Main Board of the Stock Exchange. The Company is the ultimate holding company of LSD which in turn is the intermediate holding company of eSun, Lai Fung and MAGHL while Lai Fung and MAGHL are the subsidiaries of eSun.

Mr. Lam graduated from the University of Oregon in the United States of America with a Bachelor of Business Administration degree in 1974. He has substantial experience in property development and investment in China, having been actively involved in this industry since the mid-1980’s. Mr. Lam has served on the boards of a number of listed companies in Hong Kong for over 10 years.

Mr. Leung Shu Yin, William, aged 69, was appointed an Independent Non-executive Director in July 2002 and is the chairman of the Audit Committee and a member of the Remuneration Committee of the Company. Mr. Leung is also an independent non-executive director of LSD, CGL and Mainland Headwear Holdings Limited. The issued shares of all the aforesaid companies are listed and traded on the Main Board of the Stock Exchange. The Company is the ultimate holding company of LSD which in turn is the intermediate holding company of eSun, Lai Fung and MAGH while Lai Fung and MAGH are the subsidiaries of eSun.

Mr. Leung is a certified public accountant, a member of the Hong Kong Securities and Investment Institute and a fellow of both the Association of Chartered Certified Accountants in the United Kingdom and the Hong Kong Institute of Certified Public Accountants. Mr. Leung is a practising director of two certified public accountants’ firms in Hong Kong.

Updated: 25/10/2018

Note: Directors' biographies are also disclosed in the Company's annual reports.